A random sample of 400 residents are asked if they are in favor of the proposed 10% vanity tax that will raise badly needed revenue for infrastructure development. If 300 are in favor, test the hypothesis that more than 60% of the voters are in favor of the proposed tax. Using a 0.01 level of significance, what is the appropriate test statistic? what is th

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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A random sample of 400 residents are asked if they are in favor of the
proposed 10% vanity tax that will raise badly needed revenue for
infrastructure development. If 300 are in favor, test the hypothesis that
more than 60% of the voters are in favor of the proposed tax. Using a
0.01 level of significance, what is the appropriate test statistic?
Ot=6.12
Ot=-6.12
Oz=6.12
OZ=-6.12
Transcribed Image Text:A random sample of 400 residents are asked if they are in favor of the proposed 10% vanity tax that will raise badly needed revenue for infrastructure development. If 300 are in favor, test the hypothesis that more than 60% of the voters are in favor of the proposed tax. Using a 0.01 level of significance, what is the appropriate test statistic? Ot=6.12 Ot=-6.12 Oz=6.12 OZ=-6.12
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